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Journalize the necessary adjusting entries for the following (partial) trial balance. Based on a physical count, the ending merchandise inventory is $67,000. Unearned revenue at

Journalize the necessary adjusting entries for the following (partial) trial balance. Based on a physical count, the ending merchandise inventory is $67,000. Unearned revenue at year-end was $4,230.

Account Title Debit

Credit

Cash 7,500

Accounts Receivable 17,000

Merchandise Inventory 86,000

Unearned Revenue 20,800

Revenue 193,000

Purchases 82,000

Purchases Discounts 4,100

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